CannaGrow Holdings Announces Land Use Application Submitted

CENTENNIAL, CO, United States, via ETELIGIS INC., 12/17/2014 – – CannaGrow Holdings, Inc., (OTC Pink: CGRW) (PINKSHEETS: CGRW), — A Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado project.

Delmar Janovec, CannaGrow Holdings, CEO, comments, "We are pleased to report that NuGro Industries, the landowner and developer of our leased "build to suit" facilities submitted their Land Use Application to the Huerfano County Planning Dept. on Friday, December 12, 2014. The entire application submission with attachments is scheduled to go before the Huerfano County Planning Commission on January 7, 2015. The Commission will then review the Application, Site Plans, Grading/ Phasing Plans, and various exhibits that were required for the development of the project.

Based upon approval of the Land Use Application by the Planning Commission and then final approval by the County Commissioners the build out will begin post haste. The project calls for a build out in five (5) phases which will ultimately encompass an approximate 30,000 sq. ft. of growing area to include a 2,500 sq. ft. Head-house, a 6,500 sq. ft. state-of-the art greenhouse facility and 16 Hoop-houses. The project will require infrastructure improvements such as roadways, a commercial well, a sewer system, water lines, security fencing, lighting, and storage tanks, all to meet our specific requirements and at our instruction.

CannaGrow Holdings, Inc. has been working as the Representative for NuGro Industries with all of the Building Contractors, Utility Providers, and the various State/County Agencies to bring the project from the drafting table to a working State of the Art Growing Facility. The completion of the Multi-Phase Project will allow our Company to begin generating revenues from licensed Growers that will be leasing the Turnkey Growing facilities.”

The actual site plan, grading plan, and phasing plan that was submitted can be viewed on our website at: http://cannagrowholdings.com/.

About CannaGrow Holdings, Inc.:

CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders

CannaGrow Holdings, Inc. is currently working with a website designer to update its website to reflect the new business model that will be forthcoming in the very near future.

CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violate the laws of the United States of America.

CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2013, and the quarterly statements filed in calendar year 2014, at www.PinkSheets.com.

Forward-Looking statements

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company’s uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company’s actual results could differ materially from those discussed herein.

CONTACT:

CannaGrow Holdings, Inc.

Delmar Janovec

Investor Relations

info

http://cannagrowholdings.com/

SOURCE: CannaGrow Holdings, Inc.

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